Scarnose International IPO vs Silver Pearl Hospitality IPO

Comparision between Scarnose International IPO and Silver Pearl Hospitality IPO.

IPO Details

Scarnose International IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Silver Pearl Hospitality IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Scarnose International IPO	Silver Pearl Hospitality IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Inventure Merchant Banker Services Pvt Ltd
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Scarnose International IPO is up to ₹6.60 Cr whereas the issue size of the Silver Pearl Hospitality IPO is up to ₹9.00 Cr. The final issue price of Scarnose International IPO is ₹55.00 per share and of Silver Pearl Hospitality IPO is ₹18.00 per share.

	Scarnose International IPO	Silver Pearl Hospitality IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹55.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	8000 shares
Fresh Issue Size	12,00,000 shares	50,00,000 shares
Fresh Issue Size (Amount)	up to ₹6.60 Cr	up to ₹9.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,00,000 shares	50,00,000 shares
Issue Size Total (Amount)	up to ₹6.60 Cr	up to ₹9.00 Cr

IPO Timetable

Scarnose International IPO opens on Jun 14, 2022, while Silver Pearl Hospitality IPO opens on Jun 06, 2022. The closing date of Scarnose International IPO and Silver Pearl Hospitality IPO is Jun 17, 2022, and Jun 09, 2022, respectively.

	Scarnose International IPO	Silver Pearl Hospitality IPO
Anchor Bid Date
Issue Open	Jun 14, 2022	Jun 06, 2022
Issue Close	Jun 17, 2022	Jun 09, 2022
Basis Of Allotment (Tentative)	Jun 22, 2022	Jun 14, 2022
Initiation of Refunds (Tentative)	Jun 23, 2022	Jun 15, 2022
Credit of Share (Tentative)	Jun 24, 2022	Jun 16, 2022
Listing date (Tentative)	Jun 27, 2022	Jun 17, 2022
Anchor Lockin End date 1	Jul 22, 2022	Jul 14, 2022
Anchor Lockin End date 2	Sep 20, 2022	Sep 12, 2022

Financials

Scarnose International IPO P/E ratio is 51.89, as compared to Silver Pearl Hospitality IPO P/E ratio of 120.

Scarnose International IPO

Silver Pearl Hospitality IPO

Financial

Scarnose International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	1204.91	1204.56	2.81	4.05	3.04
31-Mar-21	457.8	3255.72	22.51	190.55	148.55
31-Mar-22	1242.25	9593.02	33.42	339	143.98
Amount in ₹ Lakhs

Silver Pearl Hospitality & Luxury Spaces Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	211.06	29.38	0.48	91.04	55.08
31-Mar-21	244.48	18.41	3.3	94.34	58.38
31-Mar-22	459.79	45.89	11.72	436.92	165.35
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

75.05%

Promoter Shareholding (Post-Issue)

61.90%

27.27%

P/E Ratio

51.89

120

Market Cap

₹17.33 Cr.

₹14.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Scarnose International IPO retail investors (RII) are offered 5,70,000 shares while in Silver Pearl Hospitality IPO retail investors are offered 5,70,000 shares. Qualified institutional buyers (QIB) are offered in Scarnose International IPO and in Silver Pearl Hospitality IPO.

	Scarnose International IPO	Silver Pearl Hospitality IPO
Anchor Investor Reserveration
Market Maker Reserveration	60,000 shares	2,64,000 shares
QIB
NII	5,70,000 shares	23,68,000 shares
RII	5,70,000 shares	23,68,000 shares
Employee
Others
Total	11,40,000 shares	47,36,000 shares

Bids Received (Subscription)

Scarnose International IPO subscribed 2.22x in total, whereas Silver Pearl Hospitality IPO subscribed 1.68x.

	Scarnose International IPO	Silver Pearl Hospitality IPO
QIB (times)
NII (times)	2.09x	0.80x
Big NII (times)
Small NII (times)
RII (times)	2.34x	2.56x
Employee (times)
Other (times)
Total (times)	2.22x	1.68x

Compare with others

Scarnose International IPO	Silver Pearl Hospitality IPO
Mangalam Worldwide IPO	Modis Navnirman IPO
Modis Navnirman IPO	Pearl Green Clubs and Resorts IPO
Pearl Green Clubs and Resorts IPO	KCK Industries IPO
KCK Industries IPO	Goel Food Products IPO
Goel Food Products IPO	Scarnose International IPO
Silver Pearl Hospitality IPO	Fidel Softech IPO
Fidel Softech IPO	Globesecure Technologies IPO
Globesecure Technologies IPO	Rachana Infrastructure IPO
Rachana Infrastructure IPO	Sonu Infratech IPO
Sonu Infratech IPO	Nanavati Ventures IPO

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